Elliott Wave Target

• Targets for wave 1
  - Tends to stop at the BASE of the PREVIOUS correction, 
    which normally is the B wave. 
  - This OFTEN coincides with a 38.2% or a 61.8% retracement 
    of the previous correction.

• Targets for wave 2
  - Wave 2 retraces at least 38.2% 
  - but mostly 61.8% or more of wave 1. 
  - It often stops at sub wave 4 and 
  - more often at sub wave 2 of previous wave 1. 
  - A retracement of more than 76% is highly suspicious, 
    although it doesn’t break any rules yet.

• Targets for wave 3
  - Wave 3 is at least equal to wave 1, except for a Triangle. 
  - If wave 3 is the longest wave it will tend to be 161% of wave 1 or even 261%.

• Targets for wave 4
  - Wave 4 retraces at least 23% of wave 3 
  - but more often reaches a 38.2% retracement. 
  - It normally reaches the territory of sub wave 4 of the previous 3rd wave.
  - In very strong markets wave 4 should only retrace 14% of wave 3

• Targets for wave 5
  - Wave 5 normally is equal to wave 1, 
  - or travels a distance of 61.8% of the length of wave 1. 
  - It could also have the same relationships to wave 3 
  - or it could travel 61.8% of the net length of wave 1 and 3 together. 
  - If wave 5 is the extended wave it mostly will be 161.8% of 
    wave 3 or 161.8% of the net length of wave 1 and 3 together.

• Targets for wave A
  - After a Triangle in a fifth wave, wave A retraces to wave 2 
    of the Triangle of previous wave 5. 
  - When wave A is part of a Triangle, B or 4 it often retraces 38.2% 
    of the complete previous 5 wave (so not only the fifth of the fifth) 
    into the territory of the previous 4th wave. In a Zigzag it 
    often retraces 61.8% of the fifth wave.

• Targets for wave B
  - In a Zigzag, wave B mostly retraces 38.2% or 61.8% of wave A. 
    In a Flat, it is approximately equal to wave A. 
    In an Expanded Flat, it usually will travel a distance of 138.2% of wave A.

• Targets for wave C
  - Wave C has a length of at least 61.8% of wave A. 
  - It could be shorter in which case it normally is a failure, 
    which foretells an acceleration in the opposite direction.
  - Generally wave C is equal to wave A or travels a distance of 161.8% of wave A.
  - Wave C often reaches 161.8% of the length of wave A in an Expanded Flat.
  - In a contracting Triangle wave C often is 61.8% of wave A.

• Targets for wave D
  - In a contracting Triangle wave D often travels 61.8% of wave B.

• Targets for wave E
  - In a contracting Triangle wave E often travels 61.8% of wave C. 
  - It cannot be longer than wave C!

• Targets for wave X
  - Wave X minimally retraces 38.2% of the previous A-B-C correction; 
  - a retracement of 61.8% is also common.